Glossary
Plain-English definitions of the terms used across SLEEP: smart account, policy, executor, reference price, price protection, USDG and more.
Terms
- Robinhood Chain
- The Ethereum layer-2 network SLEEP runs on. Gas is paid in ETH.
- USDG
- A dollar stablecoin on Robinhood Chain. SLEEP buys with it, sells into it and charges fees in it.
- Smart account
- A contract account owned by your wallet that holds your positions. SLEEP uses ZeroDev Kernel accounts.
- Position
- One token you’ve put to SLEEP, with its plan, its average entry and any USDG set aside for it.
- Plan
- The set of rules for a position. Pick a ready-made one or write your own.
- Policy
- The signed permission on your account that lists exactly what SLEEP may do for a plan.
- Executor
- SLEEP’s key that sends automated trades. It can only act inside policies.
- Reference price
- An independent price (Chainlink, or a five-minute pool average) that every trade is checked against.
- Price protection
- How far from the market price a trade may fill: 0.25% to 15%, set per rule.
- Average entry
- What you paid per token on average, across every buy and deposit.
- Trailing stop
- A stop that follows the highest price seen, and sells if the price falls a set percentage from it.